Join the e-Naira Revolution: Central Bank of Nigeria Encourages Citizens to Go Digital – The Central Bank of Nigeria (CBN) has urged Nigerians to adopt the eNaira digital payment channel as part of the country’s move towards a cashless policy. The eNaira team has been conducting awareness campaigns in Kawo and other markets in Kaduna, as well as in Port Harcourt, the capital of Rivers State.
The team reassured the public that eNaira, as an electronic legal tender, would serve as a convenient complement to cash.
Mohammed Hamisu Musa, the Deputy Director, spoke with reporters after meeting with Kawo traders. He emphasized that now is the time for Nigerians to start using the eNaira wallet, citing its numerous benefits. The eNaira team collaborated with local community leaders and partners to spread the message as widely as possible.
Musa explained that eNaira aims to address issues typically associated with cash, such as theft and loss due to accidents or other incidents. The electronic currency can make transactions easier and more efficient than using physical cash.
The eNaira team also visited Sheikh Gumi Central market in Kaduna to educate traders about the advantages of eNaira and answer questions about how the electronic legal tender works.
Maxwell Okoroafor, the CBN’s Port Harcourt Branch Controller, spoke at a sensitization workshop in Port Harcourt. The workshop, co-organized by CBN and Zenith Bank, focused on understanding eNaira and its implications for the cashless policy.
The event aimed to provide information about eNaira to students and lecturers from the University of Port Harcourt (UNIPORT) and Ignatius Ajuru University of Education (IAUE).
Okoroafor highlighted eNaira’s potential to make transactions stress-free, improve the nation’s economy, and reduce financial crime and money laundering. He also noted that eNaira has the same value as physical naira.
As the world goes digital, the CBN is keeping pace by introducing cashless policies like eNaira. Nigeria is the first African country and the second in the world to introduce a digital currency like this.
Collins Onuosa, the CBN’s Head of Information and Client Services, said they targeted students because they’re more familiar with emerging technology. He explained that the CBN has been working with organizations, institutions, and student groups to ensure widespread adoption of eNaira and other digital payment platforms.
The Vice Chancellors of UNIPORT and IAUE expressed their willingness to collaborate with the central bank to promote its policies at their universities.